BLDG Management Co., Inc Secures $11,000,000 Refinance Loan From Joseph E. Fingerman & Nicholas LaMorte
108-22 Queens Boulevard
$11,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Sep 10, 2026
About this deal
AI
The asset involved in this transaction is a mixed-use property located at 108-22 Queens Boulevard in Forest Hills. The property is being refinanced for a total loan amount of $11,000,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $11,000,000
- Lender: Joseph E. Fingerman & Nicholas LaMorte - Peapack Private Bank & Trust
- Borrower: BLDG Management Co., Inc
- Loan Type: Refinance
- Transaction Date: 09/10/2026
Joseph E. Fingerman and Nicholas LaMorte represent Peapack Private Bank & Trust in this loan transaction, while BLDG Management Co., Inc serves as the borrower for the refinance deal.
On the Map
$11,000,000
Mixed-use
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Players
Forest Hills Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93